[“Blind Computing” is here, privacy security computing network Nillion enters the privacy race]

In today's information age, the value of data is increasingly prominent, especially for the storage of sensitive or highly valuable data. Traditional data storage models require data to be encrypted before storage to ensure security while at rest. However, when this data needs to be used or processed, it is first decrypted, then re-encrypted after necessary computations are performed. This cycle of repeated encryption, decryption, and encryption carries risks and is relatively inefficient. To address this issue, Nillion has created a distributed computing network that aims to provide more secure data management services for private data by introducing a decentralized trust mechanism.

【3A Chain Game Illuvium 10,000-Word Research Report: A New Dawn for the Development Dilemma of Chain Games? A Comprehensive Breakdown of Its Game Mechanics, Economic Models, Development Status, Pros and Cons, and Future Challenges】
In Q3 2024, Illuvium officially announced the launch of its mainnet public beta version. In fact, since its development began in 2021, Illuvium has gone through three years of development and launched four games: Illuvium: Overworld, Illuvium: Arena, Illuvium: Zero, and Illuvium: Beyond. During this time, Illuvium has invested considerable development resources, and its team has ultimately presented a sincere and competitive gaming experience, which is the main reason why Illuvium can be called a AAA game. To further analyze its market viability, this comprehensive report of over 10,000 words written by Web3Caff Research researcher Shirley Li will discuss the prospects and limitations of AAA games through the lens of Illuvium.

【Securing tens of millions in financing, PumpBTC charges into the Bitcoin staking protocol arena】
With the rise of Babylon, the Bitcoin staking ecosystem has experienced rapid growth. With a re-staking concept similar to EigenLayer, Babylon quickly gained market attention, and the liquidity staking ecosystem surrounding it has also become increasingly rich. On October 14, the Solv Protocol, which launched a liquidity staking layer, announced it had raised 11 million dollars from companies such as Laser Digital, Blockchain Capital, and OKX Ventures. Just the following month, on October 29, PumpBTC also announced the completion of its seed round financing. Like Solv Protocol, PumpBTC is also a Bitcoin liquidity staking protocol based on Babylon. The successive disclosures of financing completion by both parties also indirectly confirm that the Babylon ecosystem is gaining attention.

[After receiving tens of millions in funding, can Gelato become the leader in the RaaS track?]
The emergence of RaaS (Rollup-as-a-service) technology is aimed at simplifying the process for developers to create and manage Rollups. It does not require developers to build from scratch but directly abstracts the building process, allowing developers to customize Rollups in an easy way. This customization is reflected in the selection of SDKs, performance parameters, and other modular deployment processes. The recently announced funding for Gelato is an example of a RaaS solution.

The Possible Future of Ethereum Protocol (Part 2): The Surge
In order to overcome the scalability trilemma, Ethereum has had many technical ideas and attempts in various historical periods. Until The Surge roadmap in 2023, Ethereum has chosen this technical path that may be able to overcome the trilemma. This article discusses it in depth for you, please read it quickly.
Content link: https://web3caff.com/zh/archives/109381

Stablecoin: Currency Upgrade
No innovation has captured the imagination and potential of the technology and financial world like stablecoins. These digital currencies have become a bridge between the traditional financial system and blockchain technology. This article will discuss the rise of stablecoins, their business models, and their impact on the traditional financial system. Please read it quickly.

[ZEROBASE, a ZK proof network dedicated to achieving real-time generation efficiency, enters the market]
With the continuous development of ZK technology, the scenarios involved in ZK proofs are becoming increasingly rich. The core feature of ZK proofs is that it allows one party to prove the authenticity of its statements to another party without disclosing sensitive information. Therefore, from privacy protection in transactions to anonymity in identity authentication, ZK proofs are beginning to be adopted by more and more projects. However, the generation and verification of ZK proofs are highly dependent on intensive computing resources. If this computing burden is imposed on every project using ZK proofs, it will undoubtedly greatly increase its development costs. The real-time ZK prover network ZEROBASE, which announced financing this time, attempts to control the generation time of ZK proofs to within hundreds of milliseconds by optimizing the network architecture, and is preparing to develop an open source ZK library built on the ZK framework so that ZK proofs can be used in various applications in the mainland, including the Web2 network.

[20,000-word research report on data analysis tools: What era opportunities are emerging in the on-chain data age under meticulous trajectory tracking? A panoramic breakdown of its development trends, core features, application scenarios, pros and cons, risks, and future challenges]
Web3 on-chain data, with its transparency, immutability, and decentralization characteristics, has completely transformed the way users access information. This not only greatly enhances the importance of data analysis but also allows every user to equally access critical information, achieving true autonomy in information acquisition. Data analysis tools, which mine on-chain data and market environment information from multiple dimensions, have become an indispensable force in the Web3 ecosystem. Therefore, this over 23,000-word research report written by Web3Caff Researcher wuyue.eth will elaborate on the core features and application scenarios of various data analysis tools and explore the core challenges and development opportunities they face in the current market.

[Is computing power nearly 100 times that of Ethereum? Discussing the launch of high-performance Sequencer Conduit G2]
In Ethereum Layer 2 solutions, the performance of the Sequencer is crucial to the efficiency, latency, and security of the entire blockchain network. Firstly, in terms of transaction processing speed, the Sequencer is responsible for receiving, sorting, and packaging user-submitted transactions. Its performance determines the speed at which these transactions are processed and confirmed, thereby affecting the latency in user experience. If the Sequencer's performance is poor, the transaction confirmation time may be extended, leading to increased waiting times for users. Recently, the Rollup infrastructure platform Conduit announced the launch of its high-performance Sequencer solution, Conduit G2, claiming it to be the most powerful Sequencer. According to the official blog, G2's speed is 50-100 Mgas/s, its computing power is nearly 100 times that of Ethereum, and it's 10 times that of off-the-shelf Sequencers.

[How zkPass Privacy Data Verification Protocol Brings New Solutions for Private and Trusted Data Verification to Web3 Application Layer?]
Oracles play a crucial role in acquiring external data for blockchain. In previous comments released by Web3Caff Research regarding oracles, many focused on expanding data sources and optimizing implementation mechanisms. The oracle protocol zkPass, which is announcing financing this issue, also addresses data source issues. However, it attempts to support the verification of private data by combining oracles with ZK proofs, MPC (multi-party computation), etc., enabling users to securely and verifiably share data from any HTTPS website while ensuring the privacy and integrity of their data. Therefore, zkPass should actually be viewed as a data verification protocol.

[DA layer HyveDA introduces permissionless DAC and DPoS proof to achieve 1GB/s high throughput and promote the decentralization of the data availability layer]
Data availability (DA) is one of the important components of the blockchain operating mechanism. In Ethereum, data availability refers to 'users can be assured that the data needed to verify blocks is indeed available to all network participants.' Only by ensuring data availability can the network remain decentralized and operate normally. Simply put, data availability on Ethereum ensures that every node in the network can access and verify transaction data. In fact, aside from Layer2, networks including DePIN, AI, and parallel execution environments also have high demands for publishing and verifying large amounts of data, making the assurance of data availability even more challenging. To this end, the recently announced funded HyveDA aims to build a middleware data availability layer (DA layer) based on Ethereum to provide higher throughput support for these decentralized networks.

Learn about the important Web3 events to look forward to in the coming week in 3 minutes. If you want to know more dates and more comprehensive Web3 preview events, please take a look at the "Web3 Preview Calendar" business section launched by Web3Caff.

Reorganization: 303, Web3Caff

October 21

dYdX Day hosted by dYdX Foundation kicks off in Dubai

dYdX Day, hosted by the dYdX Foundation, was held on October 21 in Dubai.

Airdrop One's final query page is online

The final inquiry page for Grass Foundation Airdrop One went live on October 21st.

Metis Grant Program Thrive Metis STARTathon Grant Program Application Deadline

[Financing project decryption: Taking the construction of L2 as the entry point, can Vue Protocol break through the development dilemma of decentralized social networking? 】
In the Web2 era, traditional social platforms such as Facebook, Twitter, and TikTok have shown problems with centralized management, especially centralized management of user data, which is prone to data leakage or abuse risks. In addition, due to the lack of a unified standard underlying protocol, user data and identities on these platforms are difficult to migrate across platforms, resulting in a fragmented user experience. Against this backdrop, Vue Protocol announced the completion of financing and is committed to building a decentralized social layer that aims to solve problems such as privacy and data control, giving users and creators greater control over their social graphs.

Based Rollup Track Research Report: Can the entry of Taiko and Puffer drive it to become the final stage of Rollup? A panoramic analysis of its development background, technical architecture, ecological status, pros and cons, risks and future challenges
In the Ethereum expansion route, whether it is Optimistic Rollup or ZK Rollup, although it effectively improves the transaction processing speed, it also has its limitations in terms of security, MEV, decentralization, latency and computing cost. In view of this, Ethereum researcher Justin Drake proposed the idea of ​​Based Rollup in May 2023, in which the main network assumes the function of the Rollup sorter, so that Rollup can inherit more of the main network's features in an attempt to break through the dilemma it faces. This research report written by Web3Caff Research researcher Wildon will explain the current dilemma of Rollup, and starting from the underlying technical architecture, deeply explore the innovations of Based Rollup, the comparison with existing Rollup solutions, the current status of the ecosystem, and future challenges.

[Will the modular execution layer Fuel's launch of the Fuel Ignition mainnet trigger a new L2 competition landscape? 】
On October 16, Fuel, a modular execution layer based on UTXO, announced the official launch of the Fuel Ignition mainnet. Fuel Ignition is a high-performance Ethereum L2 powered by FuelVM. To expand on this, Fuel is an operating system built specifically for Ethereum Rollups. It has transformed from the previous Optimistic Rollup to today's modular execution layer, aiming to utilize the additional bandwidth brought by the modular architecture and the parallel execution method based on the UTXO transaction model to increase the transaction throughput of the system, aiming to build the "fastest execution layer". FuelVM is Fuel's virtual machine, which is the core component of its execution layer for executing smart contract code and running dApps applications.

[Has Vitalik Buterin's "stealth address" been implemented? On Hinkal's launch of a cross-chain shared privacy solution]
Ethereum co-founder Vitalik Buterin published an article in 2023 titled (An incomplete guide to stealth addresses) and mentioned the "stealth address" solution, which allows the sender to send assets to a special address without outsiders knowing who the recipient is, even if the transaction occurs on a public blockchain. This mechanism ensures that the identity of the recipient will not be made public, thereby improving privacy. Recently, the privacy self-custody protocol Hinkal launched a cross-chain shared privacy solution based on stealth addresses and zkSNARKs technology.

[Web3Caff Research 84th Financing Weekly Review: Oracle solution APRO Oracle bets on Bitcoin ecosystem, Semantic Layer launches MEGA TXN standard to empower dApp with MEV withdrawal rights, L1 network Delta allows dApp to have independent sub-networks, open Web3 game ecosystem Moonveil helps Polygon…]
Web3Caff Research will break down the Web3 market hot spots, technology trends, ecological progress, governance trends, etc. that occur every week for you... Take a quick look at this issue's hardcore comments (over 8,300 words).

Content link: https://research.web3caff.com/zh/archives/22661

[Can Solv Protocol's launch of the Staking Abstraction Layer (SAL) open the Pandora's box of the Bitcoin DeFi ecosystem? ]

Since the Ordinals protocol was proposed, the Bitcoin ecosystem has been like Pandora's box opened and out of control. With the further development of the Bitcoin ecosystem, Bitcoin-based staking solutions have also been proposed. For example, the Babylon team proposed a Bitcoin security sharing protocol, which aims to share the security of the Bitcoin network on the PoS chain. Recently, Solv Protocol, a decentralized DeFi infrastructure for the Bitcoin ecosystem, announced the launch of the Staking Abstraction Layer (SAL), a framework composed of smart contracts that aims to simplify and standardize the cross-chain Bitcoin staking process, thereby abstracting the complexity of Bitcoin staking scenarios and allowing users and developers to quickly adopt it.

[Ten questions and ten answers to clarify the key information about FTX compensation]

Considering that there is still a lot of confusion and even rumors in the current market about FTX’s compensation process, so that most readers do not yet understand the full picture of the incident, and thus cannot actively assess the potential impact of the incident, this article clarifies this information for you, please read it quickly.

Content link: https://web3caff.com/zh/archives/107449

[Binance is shocked by the "missing case" of nearly $200 million Solana tokens. What is the origin of FalconX, which "found the money"? 】

The “disappearance” of nearly $200 million worth of Solana tokens has drawn attention to FalconX, a cryptocurrency broker and the world’s first CFTC-registered cryptocurrency swap dealer. This article discusses the case, so take a quick look.

[A 10,000-word research report on the modular lending track: Can new forces such as Morpho, Euler v2 and Ajna break the DeFi barriers? A panoramic analysis of their development background, operating logic, development status, competitive situation and potential challenges]

Recently, the modular lending track has become a new narrative of concern. According to DefiLlama data, Morpho, a leader in modular protocols, has occupied an important position in the entire lending market and contributed a considerable proportion of TVL. It is enough to see the market's recognition of the modular protocol model. In addition to Morpho, representative projects of modular lending protocols include Euler Finance and Ajna, which also have their own characteristics. To this end, ShirleyLi, a researcher at Web3Caff Research, wrote this research report of more than 10,000 words starting from these three protocols, trying to analyze the architecture involved in modular lending protocols, and the impact of this structured modularization, and in-depth discussion of the risks, challenges and potential that modular lending protocols may face in the future development process.

Where is the technology narrative going?
Compared with Web2, the core of Web3 lies in the difference in the way of value capture, rather than removing the application layer itself. Giants such as Microsoft need to make users pay for it, while Ethereum needs to build or give birth to a rich on-chain ecosystem to attract users, even if they are all speculative users in the early days. This article explores the technical narrative for you, please read it quickly.
Content link: https://web3caff.com/zh/archives/107007

[The best relationship between CZ and Binance: they can still achieve mutual success after unbinding]
"gm", Zhao Changpeng used the simplest good morning greeting on X to tell the outside world that he was free again. Previously, Zhao Changpeng agreed to obey the punishment for accepting the US Department of Justice's allegations that Binance, which he led, violated the Bank Secrecy Act and anti-sanctions program. This article discusses it for you.